Property profile

461 Harris Rd Ferndale, NY 12734

OFF-MARKET
Office buildings
Property ID
US63-0233780
4,500 SF 2 ac lot Built 2007
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,500 square foot office building, situated on a 2-acre lot at 461 Harris Rd, Ferndale, NY, presents a compelling investment opportunity. Boasting excellent highway visibility directly on Route 17, this steel-framed structure is ideally positioned for continued success. Currently zoned IC (Industrial Commercial), the property is utilized as office space and retail, with a strong existing tenant in place. The current NNN lease generates a monthly income of $4,500 and has approximately two years remaining. The property features a paved yard with ample parking for 25 vehicles, adding significant convenience for both employees and customers. A large commercial overhead door offers versatile potential, whether as a loading dock or for future commercial vehicle storage. The building's heating system utilizes oil. This property offers a blend of immediate income and long-term growth potential, making it an attractive addition to any commercial portfolio. The strategic location and existing infrastructure provide a solid foundation for a variety of commercial uses, ensuring a strong return on investment. The substantial lot size also allows for future expansion or development opportunities. Serious inquiries are encouraged.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 4,500 SF
Lot 2 ac (87,120 SF)
Zoning code IC
APN 483689 37.-1-39
UPID US63-0233780

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Garden Center

Location

461 Harris Rd Ferndale, NY 12734-5132
Ferndale metro Census 950500
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2007
6 recorded transactions
2017
Price N/A
2016
Price N/A
2007
Price N/A
2006
$130,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IC · Ferndale, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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